I am buying a newly constructed duplex in Ogmore Vale and my lawyer is advising me that she is duty bound to the bank to disclose incentives from the seller. I am on a tight deadline to exchange contracts and my preference is not to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My bank has suggested a law firm on their panel based in Ogmore Vale but I would rather instruct a conveyancing lawyer in Ogmore Vale or nearer to where I live. Are you able to help?
Far from all Ogmore Vale conveyancing firms are on all banks conveyancing panel. Use the above search tool to locate a Ogmore Vale conveyancing firm on the on the lender panel.
When it comes to mortgage companies such as Nottingham, do Ogmore Vale lawyers incur a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
We had chosen conveyancers with offices in Ogmore Vale on the HSBC solicitor approved list. They are now charging me a further fee for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
As unfair as it may seem, as long as it’s in their Terms of Engagement or estimate then yes your solicitor is entitled to levy a fee for this. The fee is not set by HSBC but by your Ogmore Vale solicitor. Some firms on the HSBC panel will charge ’dealing with mortgage’ fee and others do not.
My wife and I have organised the release of further funds on our mortgage from Aldermore as we wish to carry out renovations to our property in Ogmore Vale. Are we obliged to select a bricks and mortar Ogmore Vale solicitor on the Aldermore conveyancing panel to deal with the legals?
Aldermore would not normally appoint firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore panel.
I have been advised by a few property agents in Ogmore Vale to get a quote from a property lawyer on your site. What’s the financial advantage for Estate Agents to market your site over another?
We don’t offer any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
We are one month into a residential purchase having been directed to conveyancers by the estate agent to handle our conveyancing in Ogmore Vale. I am am extremely dissatisfied with the level of service. Can you you assist me in finding new conveyancers?
They would have to be really bad to suggest changing them. Has your mortgage offer been sent? If so you will need to make them aware of the new contact details and ensure the offer are re-issued. Your solicitor ideally needs to be on the mortgage company approved list to avoid added fees and frustration. So that should be your starting point. Our search tool should assist you in finding a bank approved lawyer for your conveyancing in Ogmore Vale
I purchased a property in Ogmore Vale last 13/12/2024 and to date it is still not registered with HM Land Registry. It was part of a new estate and my lawyer told me that it can take twelve months to register. I have called HM Land Registry directly and they say that the initial application was cancelled due to failure to reply to requisitions. Do I need to be concerned?
Call your lawyer - if you are not getting sensible responses, look up their firm’s complaints process and escalate your problem to a Complaints Manager. Registrations for Ogmore Vale conveyancing are not known to be particularly slow.